Rio Tinto (LON:RIO) Given a GBX 5,200 Price Target at HSBC

HSBC set a GBX 5,200 ($67.95) price objective on Rio Tinto (LON:RIO) in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Liberum Capital reaffirmed a buy rating and set a GBX 810 ($10.58) price target on shares of in a research report on Wednesday, July 3rd. Shore Capital reaffirmed a buy rating on shares of in a research report on Thursday, June 6th. BNP Paribas lowered shares of Rio Tinto to an underperform rating and increased their target price for the stock from GBX 4,300 ($56.19) to GBX 4,500 ($58.80) in a report on Thursday, April 11th. Credit Suisse Group set a €19.00 ($22.09) target price on shares of K&S and gave the stock a neutral rating in a report on Tuesday, May 14th. Finally, Investec lowered shares of Rio Tinto from a buy rating to a hold rating in a report on Wednesday, April 17th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Rio Tinto presently has an average rating of Hold and an average target price of GBX 4,502.68 ($58.84).

Shares of LON:RIO opened at GBX 4,829 ($63.10) on Monday. Rio Tinto has a fifty-two week low of GBX 3,460.50 ($45.22) and a fifty-two week high of GBX 5,039 ($65.84). The stock has a 50-day simple moving average of GBX 4,741.63. The company has a current ratio of 1.92, a quick ratio of 1.51 and a debt-to-equity ratio of 25.60. The stock has a market cap of $61.26 billion and a price-to-earnings ratio of 6.13.

In other Rio Tinto news, insider Jean-Sébastien Jacques sold 4,011 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of GBX 4,510 ($58.93), for a total value of £180,896.10 ($236,372.79).

About Rio Tinto

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminium, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminium smelting; bauxite mining; alumina refining; and ilmenite mining, as well as provision of gypsum.

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